Regling underlines concerns about fiscal target after voter-friendly measures
Eurozone set to give next govt until Sept to address fiscal issues
Institutions warn of fiscal target being missed, reforms slowing
Lenders set to highlight reform delays, leaving fiscal gap concerns until after elections
PBO sees fiscal target being reached despite expansionary measures
Primary surplus target still on lenders' agenda despite snap elections
EC warns budget not on track due to handouts, advises against further underspend
Greece’s official creditors have recently expressed at various levels their concerns about whether the country will be able to meet its fiscal commitments after adopting a new batch of expansionary measures last month, so it was no surprise that this issue was explored extensively in the latest post-programme surveillance report published by the European Commission.
The European technocrats acknowledge that over the last few years Greece has managed to significantly over-perform on the fiscal front. Last year, the primary balance under the enhanced surveillance definition reached 4.3 percent of GDP. When factoring ...
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